Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 47 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
UMISOL GROUP from Zele, company number BE0476117174, closed financial year 2025 with a result of € -267,182 after tax. For that financial year UMISOL GROUP recorded a gross margin of € -174,544 and equity of € -4,579. Compared with financial year 2024, the result moved from € -215,827 to € -267,182. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 25, 2026.
€ -4,579
▼ € 267,182 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -267,182
▼ 24 % more loss than in 2024
Profit after tax over the fiscal year.
€ 2,425
▲ 244% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -87,314.
People and assets in 2025
€ 416,497
▼ 13% vs 2024
Of which on lease € 405,231.
Debts at end 2025
€ 976,383
▲ 5% vs 2024
€ 79,914 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 158,769
▲ 80% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 100,843 | € 229,201 | € -122,950 | € -174,544 | ▼ € 51,594 |
| Profit after taxes | € -60,754 | € 140,763 | € -215,827 | € -267,182 | ▼ € 51,355 |
| Equity | € 337,667 | € 478,430 | € 262,603 | € -4,579 | ▼ € 267,182 |
| Total debts | € 910,697 | € 764,968 | € 1,037,174 | € 1,155,233 | ▲ 11% |
| Cash | € 16,539 | € 42,579 | € 704 | € 2,425 | ▲ 244% |
| Retained profit | € 254,932 | € 395,695 | € 179,868 | € -87,314 | ▼ € 267,182 |
| Bank debt | € 725,610 | € 594,493 | € 932,973 | € 976,383 | ▲ 5% |
| Balance sheet total | € 1,248,364 | € 1,243,398 | € 1,299,777 | € 1,150,654 | ▼ 11% |
Key figures of UMISOL GROUP, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to UMISOL GROUP?
What happened at UMISOL GROUP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Luc Michiels stepped down as director. NBB
- Bart Michiels stepped down as director. NBB
- Anita Van Avermaet stepped down as director. NBB
- Katrien Michiels stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 267,182. filed late Source: NBB ↗
- Luc Michiels became a director. NBB
- Bart Michiels became a director. NBB
- Anita Van Avermaet became a director. NBB
In short
From € 60,754 loss in 2022 to € 267,182 loss in 2025.
Paid € 3,071 in corporate taxes since 2022.
Best year ever: 2023, with € 140,763 profit.
Management
It owns 100% of Umisol Nederland BV itself.
Directors
According to the 2025 annual accounts
Luc Michiels
Managing director
Also active at: Group Michiels Advanced Materials, MICHIELS GROUP, LRM MANAGEMENT
since 2025 · until 2031
Bart Michiels
Managing director
Also active at: Group Michiels Advanced Materials, MICHIELS GROUP, BHM MANAGEMENT, MICHIELS REAL ESTATE
since 2025 · until 2031
since 2025 · until 2031
Katrien Michiels
Director
Also active at: Group Michiels Advanced Materials, MICHIELS GROUP, VIANOVIX, ELYSE, MICHIELS REAL ESTATE
since 2025 · until 2031
Establishments
Establishment units
Physical locations of this company
Poldergotestraat 24
9240 Zele
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Domain
Domain
umisol.com
Registered
2013-02-15
Registrar
Ascio Technologies, Inc. Danmark - Filial af Ascio technologies, Inc. USA
Expires
2027-02-15
Website info
Features
Security
Details
- Company number
- 0476.117.174
- VAT number
- BE 0476.117.174
- Registered office
- Poldergotestraat 24, 9240 Zele
- Names & denominations
- UMISOL GROUP
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 November 2001
- Peppol
- Active · Active since 21 Oct 2026
- Contact
- umisol.com [email protected] 03/761840
- Activities · NACE
Installatie van isolatie
Isolatiewerkzaamheden